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GRAND BLANC, MI – IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired Mid-Michigan Hospitalist Group, PC.
Headquartered in Grand Blanc, Michigan, a suburb of Flint, the acquisition of this acute care practice represents a further expansion for IPC in the Michigan market, where the company already has an established presence. Mid-Michigan Hospitalist Group has an annualized volume of approximately 20,000 patient encounters.
R. Jeffrey Taylor, President and COO of IPC, commented, "We welcome Mid-Michigan Hospitalist Group to the IPC family. Mid-Michigan is our fourth acquisition in the state in the past 12 months. With this acquisition we are building upon IPC's core strength in hospital medicine as we enter one of the area's largest acute care facilities. Additionally, this will give us an opportunity to better coordinate care for patients seen by our existing post-acute practices in the surrounding communities."
Dennis DeSimone, D.O., co-owner of Mid-Michigan Hospitalist Group, said, "Our practice group is very pleased to be joining IPC. We look forward to utilizing IPC's many resources in areas such as recruitment, practice management and technology support. IPC has the tools we need to continue delivering high quality hospitalist service while seeking to grow our practice."
About IPC The Hospitalist Company, Inc.
IPC The Hospitalist Company, Inc. (Nasdaq: IPCM) is a leading physician group practice company focused on the delivery of hospitalist medicine and related facility-based services. IPC's physicians and affiliated providers practice exclusively in hospitals or other inpatient facilities, including acute, sub-acute and long-term care settings. The Company offers its providers the comprehensive training, information technology, and management support systems necessary to improve the quality and reduce the cost of patient care in the facilities it serves. For more information, visit the IPC website at www.hospitalist.com.
